The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production are given. Assume that all inventory accounts have zero balances at the beginning of the month.

Standard Cost Per Unit Standard Monthly Costs

Materials $ 4.00 $ 8,400

Direct Labor 3 hrs. @ $2.50 7.50 15,750

Factory Overhead:

Variable 1.90 3,990

Fixed 4.00 8,400

$ 17.40 $ 36,540

Variances:

Material price 470.00 unfavorable

Material quantity 400.00 unfavorable

Labor rate 700.00 favorable

Labor efficiency 2,900.00 unfavorable

What was the actual price paid for the direct material during the month, assuming all materials purchased were put into production?